Market Overview:
The global commercial aircraft maintenance market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market growth is attributed to the increasing demand for air travel, rising number of aircraft deliveries, and the need for regular maintenance and repairs of aging aircraft fleets. The engine MRO segment is expected to account for the largest share of the global commercial aircraft maintenance market in 2018. This segment is driven by the increasing demand for new engines and replacement parts, as well as the need for regular engine inspections and repairs. The component MRO segment is projected to grow at a higher CAGR than other segments during the forecast period owing to increased demand from airlines for component replacements and upgrades. In terms of application, company-owned fleets are expected to account for the largest share ofthe global commercial aircraft maintenance market in 2018.
Product Definition:
Commercial Aircraft Maintenance is the process of ensuring that a commercial aircraft remains airworthy and meets regulatory requirements. The importance of Commercial Aircraft Maintenance is that it helps to ensure the safety of passengers and crew.
Engine MRO:
Engine MRO is short for maintenance, repair & overhaul. It includes all activities related to the periodic maintenance and inspection of aircraft engines. Engine MRO services are provided at an airline's hub or non-hub bases as well as on international routes where the service is considered economically viable. The market has been growing significantly due to factors such as increasing air traffic, rising fuel prices and stringent emission norms by EPA (Environmental Protection Agency).
Component MRO:
Component MRO is the maintenance, repair, and overhaul of aircraft mechanical and electrical components. It includes inspection, servicing, replacement & testing of critical engine parts such as turbines & compressors along with airframe components such as wings and fuselage.
Application Insights:
The company application segment accounted for the largest revenue share of over 60% in 2017. The segment is expected to witness significant growth on account of rising demand from operators for aircraft with fresh engines and other MRO services. Company maintenance includes scheduled service visits by a repair crew to perform routine and major repairs as well as overhauls on an aircraft. These visits are pre-scheduled, periodic, and mandatory events performed during different phases of the product life cycle (newly purchased/built, followed by each phase of its life).
Government applications are anticipated to witness substantial growth over the forecast period owing to increasing government expenditure towards improving airport infrastructure globally. Governments have been making efforts towards attracting foreign direct investment (FDI) in order to develop airports at domestic level which is likely to result in increased FDI at global level which will eventually drive market growth over the forecast period.
Regional Analysis:
Asia Pacific is anticipated to witness the fastest growth over the forecast period. The region has been witnessing healthy growth in air travel and passenger traffic, which has triggered an increase in investments by various MRO providers. For instance, GE Aviation announced its plan to invest around USD X million for upgrading its GE9X engine maintenance facility in Singapore with an aim to expand production of engines for Airbus A320 family aircraft.
Europe accounted for a significant market share and was valued at USD X million in 2017 owing to high demand from airlines as well as government regulations pertaining toward safety & quality standards of aircraft maintenance services. Moreover, growing trend towards reducing carbon footprint by shifting aircraft manufacturing facilities away from Asia Pacific countries such as China and India is expected to drive regional demand over the forecast period.
Growth Factors:
- Increasing demand for air travel: The global air passenger traffic is expected to grow at a CAGR of 5.8% from 2016 to 2036, according to the International Air Transport Association (IATA). This will result in an increase in the number of aircrafts and maintenance activities required.
- Proliferation of new aircraft models: Airlines are increasingly opting for new aircraft models that have better fuel efficiency and lower operating costs. This will lead to an increase in the number of commercial aircrafts requiring maintenance services over the next few years.
- Stringent safety regulations: Commercial airlines are mandated by aviation authorities to adhere to stringent safety regulations governing all aspects of their operations, including maintenance activities performed on their aircraft fleets. This is likely to drive growth in the commercial aircraft maintenance market over the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Commercial Aircraft Maintenance Market Research Report
By Type
Engine MRO, Component MRO, Interior MRO, Airframe MRO, Field Maintainence
By Application
Company, Government
By Companies
AAR Corporation, Air China Technics / Ameco Beijing, Air France Industries KLM Engineering & Maintenance, British Airways Engineering, Delta TechOps, GE Aviation, Hong Kong Aircraft Engineering Co. Ltd, Iberia Maintenance, Lufthansa Technik, MTU Aero Engines AG, Rolls-Royce plc, SIA Engineering Company Ltd, SR Technics, ST Aerospace Ltd, United Technologies Corporation
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Commercial Aircraft Maintenance Market Report Segments:
The global Commercial Aircraft Maintenance market is segmented on the basis of:
Types
Engine MRO, Component MRO, Interior MRO, Airframe MRO, Field Maintainence
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Company, Government
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- AAR Corporation
- Air China Technics / Ameco Beijing
- Air France Industries KLM Engineering & Maintenance
- British Airways Engineering
- Delta TechOps
- GE Aviation
- Hong Kong Aircraft Engineering Co. Ltd
- Iberia Maintenance
- Lufthansa Technik
- MTU Aero Engines AG
- Rolls-Royce plc
- SIA Engineering Company Ltd
- SR Technics
- ST Aerospace Ltd
- United Technologies Corporation
Highlights of The Commercial Aircraft Maintenance Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Engine MRO
- Component MRO
- Interior MRO
- Airframe MRO
- Field Maintainence
- By Application:
- Company
- Government
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Commercial Aircraft Maintenance Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Commercial aircraft maintenance is the process of keeping commercial airplanes in airworthy condition. This includes everything from inspecting and maintaining engines, to ensuring that planes are properly maintained for flight.
Some of the key players operating in the commercial aircraft maintenance market are AAR Corporation, Air China Technics / Ameco Beijing, Air France Industries KLM Engineering & Maintenance, British Airways Engineering, Delta TechOps, GE Aviation, Hong Kong Aircraft Engineering Co. Ltd, Iberia Maintenance, Lufthansa Technik, MTU Aero Engines AG, Rolls-Royce plc, SIA Engineering Company Ltd, SR Technics, ST Aerospace Ltd, United Technologies Corporation.
The commercial aircraft maintenance market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Commercial Aircraft Maintenance Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Commercial Aircraft Maintenance Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Commercial Aircraft Maintenance Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Commercial Aircraft Maintenance Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Commercial Aircraft Maintenance Market Size & Forecast, 2020-2028
4.5.1 Commercial Aircraft Maintenance Market Size and Y-o-Y Growth
4.5.2 Commercial Aircraft Maintenance Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Engine MRO
5.2.2 Component MRO
5.2.3 Interior MRO
5.2.4 Airframe MRO
5.2.5 Field Maintainence
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Company
6.2.2 Government
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Commercial Aircraft Maintenance Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Commercial Aircraft Maintenance Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Engine MRO
9.6.2 Component MRO
9.6.3 Interior MRO
9.6.4 Airframe MRO
9.6.5 Field Maintainence
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Company
9.10.2 Government
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Engine MRO
10.6.2 Component MRO
10.6.3 Interior MRO
10.6.4 Airframe MRO
10.6.5 Field Maintainence
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Company
10.10.2 Government
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Engine MRO
11.6.2 Component MRO
11.6.3 Interior MRO
11.6.4 Airframe MRO
11.6.5 Field Maintainence
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Company
11.10.2 Government
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Engine MRO
12.6.2 Component MRO
12.6.3 Interior MRO
12.6.4 Airframe MRO
12.6.5 Field Maintainence
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Company
12.10.2 Government
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Engine MRO
13.6.2 Component MRO
13.6.3 Interior MRO
13.6.4 Airframe MRO
13.6.5 Field Maintainence
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Company
13.10.2 Government
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Commercial Aircraft Maintenance Market: Competitive Dashboard
14.2 Global Commercial Aircraft Maintenance Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 AAR Corporation
14.3.2 Air China Technics / Ameco Beijing
14.3.3 Air France Industries KLM Engineering & Maintenance
14.3.4 British Airways Engineering
14.3.5 Delta TechOps
14.3.6 GE Aviation
14.3.7 Hong Kong Aircraft Engineering Co. Ltd
14.3.8 Iberia Maintenance
14.3.9 Lufthansa Technik
14.3.10 MTU Aero Engines AG
14.3.11 Rolls-Royce plc
14.3.12 SIA Engineering Company Ltd
14.3.13 SR Technics
14.3.14 ST Aerospace Ltd
14.3.15 United Technologies Corporation
